LO8 Newcastle Corporation was incorporated in 2009. For the years 2009 through 2011, Newcastle has the following net capital gain or loss.

If Newcastle is in the 34% marginal tax bracket for each of these years, what effect do the net capital gains (losses) have on its tax liability for 2009, 2010, and 2011?

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2009 2010 2011 Net capital gain (loss) $6,000 $(27,000) $18,000